Omkar Realtors in JV launching project in Mahim

Joint Venture
Mumbai-based realty players Omkar Realtors and Anand Piramal led Piramal Realty in partnership are building a new project in Mahim. The companies are in advanced stages of discussions to jointly develop a 5-acre prime sea-facing property. This will be the second joint venture agreement between the two after the iconic Dhobi Ghat redevelopment project at Mahalaxmi spread across 12 acres. Earlier, Omkar had also entered into a joint development agreement with L&T Realty for a17-acre redevelopment project in the Parel area, called Crescent Bay, and with Godrej Properties to develop a 4.25 acre project in the tony Bandra West area. The project is being undertaken under the slum rehabilitation scheme by Omkar and Piramal. While Omkar will develop the slum rehabilitation component, Piramal will handle the commercially saleable component which will be a luxury residential development. The companies have decided to launch the project in this fiscal.

UP gets ₹3-trillion metro & rapid rail networks

Metro rail networks stretching across 1,500 km, including rapid rail transit system (RRTS) projects are to be built across state's cities in the next 5 years, said Joint Secretary Union Housing and Urban Affairs Ministry, Sanjay Murthy Read More ...

AIIB unveils $2.2-bn India infra investment plans

Injecting a major boost to Indian infrastructure sector, the Beijing-based Asian Infrastructure Investment Bank (AIIB) has planned an investment worth over $2.2 billion in the country's infrastructure sector. The newest investment Read More ...

CMRL speeds up 136-km long four metro rail corridors

The state government in Tamil Nadu has fast tracked the construction of four metro rail corridors in Coimbatore shortly after consulting company, Systra Group, entrusted to conduct the feasibility study submitted its report to the Chennai Read More ...

L&T wins ₹2,500-cr construction contracts

The construction arm of L&T has recently secured construction orders worth ₹2,500 crore across business segments. The Water and Effluent Treatment Business has bagged an EPC order from Jharkhand Urban Infrastructure Development Company Read More ...

MahaMetro launches 5-km long tunneling works

The Maharashtra Metro Rail Corporation (MahaMetro) has launched the construction of the 5-km long underground tunneling stretch from Agricultural College up to Swargate in the city. The first of the four tunnel boring machines being used Read More ...

TN takes up ₹250-cr Pamban-Rameswaram Bridge venture

Construction work on the state-of-the-art new Pamban bridge to replace the century-old iconic British structure between Pamban and Rameswaram began recently at an investment of ₹250 crore. The project for which PM had laid the foundation Read More ...

NEFR kick-start Bhalukpong-Tawang rail line project

Country's bid to take rail line at a height of 10,000 ft in Tawang district of Arunachal Pradesh has recently becomes a reality with the launch of ground work for Bhalukpong-Tawang rail line by the North East Frontier Railways Read More ...

Paranjape Construction launches project in Thane

In a bid to make the most out of the emerging biz avenues in the country's realty sector, Paranjape Construction, a leading developer in Maharashtra with its base in Pune announced the launch of new housing project named as Opulus in association Read More ...

Aparna Construction starts luxury project in Hyderabad

Aparna Constructions, which is a renowned realty builder in the region, has recently launched a new luxury housing project named as Aparna Luxor Park in Hyderabad. The project, which is a gated community venture in the hi-tech city Read More ...

ARSS Infra wins ₹75-cr RVNL's contract

ARSS Infrastructure Projects has recently secured a contract worth ₹75.40-cr for the construction of major and minor bridges and allied earth works. The scope of works included , construction of multiple bridges, buildings Read More ...

EXCON 2019 Plenary Session: Stresses on technology as a key growth driver for sustainable infra development

The plenary session of CII EXCON 2019 recently held at Nellore in Andhra Pradesh, laid emphasis on technology as a key growth driver for sustainable infrastructure development. The ambitious target set by the Government of India towards Read More ...

TN kick-start ₹112-cr road-over-bridge project

The Tamil Nadu CM laid the foundation stone of a road over-bridge at railway level crossing 1 connecting Kolathur with Villivakkam. The ₹112.62 crore road over-bridge was originally proposed in 2003. It is being built by the Southern Railway Read More ...

CMDA launches ₹393-cr transport terminal

The Chennai Metropolitan Development Authority (CMDA) has started work on the construction of a new bus terminus at Kilambakkam on an area of 44.74 acres and entailing an investment of ₹393.73 crore. However, urban planners have questioned Read More ...

Odisha gets ₹37,000-cr coal blocks' bonanza

The current round of coal block auctioning for the non-regulated sector has fetched four states about ₹43,000 crore over the life of the mines from the extractable reserves; Odisha got the lion share of about ₹37,000 crore, while Vedanta turned Read More ...

Realtors rally around big builders to start stalled projects

In the backdrop of a severe cash crunch, property developers in the Delhi-NCR region are increasingly partnering with big builders from the country's South and West to restart their stalled projects. In the emerging scenario, financially strong firms Read More ...

China charts out ₹7,000-cr plan for Indian auto sector

Irrespective of the fact that the Indian auto market is going through one of its worst slowdowns, China’s largest SUV maker, Great Wall Motors, has registered an Indian subsidiary and is planning to invest about ₹7,000 crore in the country Read More ...
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